Loan Servicing Manager
Current• Service a portfolio of residential, land, and commercial transactions.• Book loan and construction transactions in various loan servicing and trade capture systems Ensure economic characteristics and risk profile of portfolio are correctly captured across risk, finance, and business records.• Demonstrate solid understanding of deal structure, funds flow, economics, and servicing requirements as extracted from deal summaries and legal documents.• Communicate regularly with borrowers, city agencies, equity partners, and other external parties.• Coordinate internally with Portfolio Manager, REO/Asset Managers, VP of Lending and Director of Business Development.• Maintain budget spreadsheets to ensure all sources and uses are balanced at all times and within the required lien laws.• Ensure requirements/conditions are met prior to monthly loan advances. Display a strong understanding of policies and procedures.• Review and fund loan draw requests from borrowers including validating the supporting invoices, engineering and inspection reports, change orders, and lien waivers.• Monitor the ongoing updates of the portfolio, including participating in extensions, modifications, and other pipeline events.• Assist in the new deal closing and REO conversion process as needed.• Maintain deal ticklers to track taxes, tax protests, insurance policies, UCCs, flood status, escrow accounts, and collateral letters of credit.• Facilitate data requests from internal teams as well as from regulators, borrowers, and other third parties.• Identify efficiency improvements in all operational aspects of the business.• Participate in special projects.• Prepare monthly billing statements for borrowers.
